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ForexLive European FX news wrap: Yen holds firm in quieter start to the new week
ForexLive European FX news wrap: Yen holds firm in quieter start to the new week
Forex news from the European morning session on Feb 17, 2025
Session wrap
Wrap Europe
US Dollar steady with US markets closed despite geopolitical headlines
US Dollar steady with US markets closed despite geopolitical headlines
The US Dollar Index (DXY), which tracks the performance of the US Dollar (USD) against six major currencies, is trading around 106.80 for the bigger part of this Monday while traders mull any possible outcomes from this week's meeting in
DollarIndex
Macroeconomics
UnitedStates
SEO
EU Watchdog Wants Crypto Exchanges and Companies Staff to Hit the Books
EU Watchdog Wants Crypto Exchanges and Companies Staff to Hit the Books
News Discussion Forum
By Finance Magnates
EU Watchdog Wants Crypto Exchanges and Companies Staff to Hit the Books
The European Securities and Markets Authority (ESMA) has unveiled comprehensive guidelines requiring crypto-asset service providers to ensure their staff meet stringent knowledge and competency standards.
esma
MiCA
crypto
regulation
Crypto Fraud Ecosystem Hits $12.4 Billion as AI, Pig Butchering Powers New Scams
Crypto Fraud Ecosystem Hits $12.4 Billion as AI, Pig Butchering Powers New Scams
News Discussion Forum
By Finance Magnates
Crypto Fraud Ecosystem Hits $12.4 Billion as AI, Pig Butchering Powers New Scams
Cryptocurrency scams are on track to reach an unprecedented $12.4 billion in 2024, with artificial intelligence and sophisticated investment schemes driving the surge, according to new data from bl...
Chainalysis
crypto scam
report
WTI trades cautiously above $70 as investors await Russia-Ukraine peace talks
WTI trades cautiously above $70 as investors await Russia-Ukraine peace talks
West Texas Intermediate (WTI), futures on NYMEX, trades with caution above the seven-week low of $70.15 in Monday’s European session.
Oil
WTI
RussianFederation
OPEC
SaudiArabia
What is Forex Trading and How Does the Market Work?
What is Forex Trading and How Does the Market Work?
News Discussion Forum
By Finance Magnates
What is Forex Trading and How Does the Market Work?
Forex investing for many people is not only a profession but also the best way to make big profits in a short time.
USD/CNH can dip below 7.2500 before stabilisation is likely – UOB Group
USD/CNH can dip below 7.2500 before stabilisation is likely – UOB Group
As long as US Dollar (USD) remains below 7.2800 vs Chinese Yuan (CNH), it could dip below 7.2500 before stabilisation is likely.
USDCNY
USDCNH
China
Technical Analysis
Banks
Gold tries to reclaim $2,900 with focus on Ukraine this week
Gold tries to reclaim $2,900 with focus on Ukraine this week
Gold’s price (XAU/USD) is orbiting around $2,900 again at the time of writing on Monday after its steep correction on Friday. While United States (US) markets are closed due to the President’s Day bank holiday, the Federal Reserve (Fed) is not. On a
Gold
Commodities
UnitedStates
SEO
USD/JPY: Unlikely to reach the major support at 151.00 – UOB Group
USD/JPY: Unlikely to reach the major support at 151.00 – UOB Group
US Dollar (USD) is likely to edge lower vs Japanese Yen (USD), but it is unlikely to reach the major support at 151.00.
USDJPY
Technical Analysis
Banks
NZD/USD: Major resistance at 0.5790 is unlikely to come under threat – UOB Group
NZD/USD: Major resistance at 0.5790 is unlikely to come under threat – UOB Group
New Zealand Dollar (NZD) could test 0.5755 vs US Dollar (USD) before levelling off; the major resistance at 0.5790 is unlikely to come under threat.
NZDUSD
Technical Analysis
Banks
RBA is expected to deliver its first 25bp rate cut – Danske Bank
RBA is expected to deliver its first 25bp rate cut – Danske Bank
Both AUD and NZD ended last week on a strong footing amid broadly positive risk sentiment, but this week might bring more mixed winds for the antipodeans, Danske Bank's FX analyst Mohamad Al-Saraf reports.
NZDUSD
RBNZ
AUDUSD
RBA
Banks
AUD/USD: Unlikely to rise much further – UOB Group
AUD/USD: Unlikely to rise much further – UOB Group
Australian Dollar (AUD) is unlikely to rise much further; it is expected to trade in a 0.6325/0.6375 range.
AUDUSD
Technical Analysis
Banks
EUR/USD to consolidate around current levels this week – Danske Bank
EUR/USD to consolidate around current levels this week – Danske Bank
EUR/USD has edged higher to just below the 1.05 mark, supported by renewed momentum in Ukraine peace talks, Danske Bank's FX analyst Mohamad Al-Saraf reports.
EURUSD
Technical Analysis
Banks
Levels
AUDUSD Technical Analysis – A look at the chart ahead of the RBA’s decision
AUDUSD Technical Analysis – A look at the chart ahead of the RBA’s decision
The AUDUSD pair is trading above a key resistance zone ahead of the RBA’s decision. What’s next?
AUD
USD
Gas prices still remain elevated – ING
Gas prices still remain elevated – ING
European gas prices fell by a little more than 9% last week, the largest weekly decline since early January.
Gas
Technical Analysis
Banks
USD/JPY: Lower on BoJ hike prospects – OCBC
USD/JPY: Lower on BoJ hike prospects – OCBC
USD/JPY extended its decline as stronger 4Q GDP print (2.8% QoQ, saar) solidified expectations for another BoJ hike to be in due course.
USDJPY
Technical Analysis
Banks
EUR/USD tussles as investors assess Trump tariffs threats on the Eurozone
EUR/USD tussles as investors assess Trump tariffs threats on the Eurozone
EUR/USD tussles to extend its upside move above the psychological resistance of 1.0500 in Monday’s North American session.
EURUSD
ECB
Fed
TradeWar
SEO
S Korea Blocks DeepSeek AI Over Privacy Concerns amid Predictions on Bitcoin, XRP
S Korea Blocks DeepSeek AI Over Privacy Concerns amid Predictions on Bitcoin, XRP
News Discussion Forum
By Finance Magnates
S Korea Blocks DeepSeek AI Over Privacy Concerns amid Predictions on Bitcoin, XRP
South Korea has banned new downloads of China’s DeepSeek AI. The decision was announced by the country’s Personal Information Protection Commission.
DeepSeek
south-korea
AI
Oil prices are under pressure this morning – ING
Oil prices are under pressure this morning – ING
Despite the downward pressure on oil prices through much of last week, the market still managed to eke out a small gain with ICE Brent settling 0.11% higher on the week.
Oil
Energy
Banks
DXY: Bearish crossover on the day – OCBC
DXY: Bearish crossover on the day – OCBC
US Dollar (USD) longs continue to unwind as tariff concerns fade.
DollarIndex
Technical Analysis
Banks
GBP/USD: Likely to trade in a range between 1.2540 and 1.2620 – UOB Group
GBP/USD: Likely to trade in a range between 1.2540 and 1.2620 – UOB Group
The Pound Sterling (GBP) is likely to trade in a range between 1.2540 and 1.2620 vs the US Dollar (USD).
GBPUSD
Technical Analysis
Banks
AUD/USD refreshes two-month high near 0.6370 ahead of RBA monetary policy
AUD/USD refreshes two-month high near 0.6370 ahead of RBA monetary policy
The AUD/USD pair posts a fresh two-month low at 0.6373 in Monday’s European session.
AUDUSD
RBA
RetailSales
RiskAppetite
InterestRate
GBP: Focus on Tuesday's jobs data – ING
GBP: Focus on Tuesday's jobs data – ING
This year's FX markets have told not to chase big definitive headlines or range breakouts, and this applies to GBP/USD at 1.2600/2610, ING’s FX analysts Chris Turner notes.
GBPUSD
Technical Analysis
Banks
Aussie Agency Investigates Over 50 Remittance and Crypto Exchanges for Reporting Breaches
Aussie Agency Investigates Over 50 Remittance and Crypto Exchanges for Reporting Breaches
News Discussion Forum
By Finance Magnates
Aussie Agency Investigates Over 50 Remittance and Crypto Exchanges for Reporting Breaches
The Australian Transaction Reports and Analysis Centre (AUSTRAC) announced today (Monday) that it has taken action against 13 remittance and digital currency exchange providers while investigating ...
austrac
cryptocurency
Bailey speech: Q4 GDP figures do not change general story on the UK economy
Bailey speech: Q4 GDP figures do not change general story on the UK economy
Bank of England (BoE) Governor Andrew Bailey said on Monday that the fourth quarter Gross Domestic Product (GDP) figures do not change general story on the UK economy.
BOE
CentralBanks
GDP
InterestRate
GBPUSD
Change
JPY: Higher odds of a 1.25% BOJ terminal rate over next two years – BBH
JPY: Higher odds of a 1.25% BOJ terminal rate over next two years – BBH
Japanese Yen (JPY) is outperforming. Japan’s preliminary real GDP increased four ticks more than expected by 0.7% q/q in Q4 vs.
USDJPY
Japan
BOJ
Technical Analysis
Banks
EC Markets Renews Strategic Partnership with World’s Leading Snooker Player Judd Trump
EC Markets Renews Strategic Partnership with World’s Leading Snooker Player Judd Trump
News Discussion Forum
By Finance Magnates
EC Markets Renews Strategic Partnership with World’s Leading Snooker Player Judd Trump
This strategic collaboration underscores EC Markets’ steadfast commitment to excellence, innovation, and global expansion.
USD: Sizing the correction – ING
USD: Sizing the correction – ING
The Dollar Index (DXY) is down just over 3% from its early January high.
DollarIndex
Technical Analysis
Banks
Weekly update on interest rate expectations
Weekly update on interest rate expectations
What are the market expectations for interest rates for G8FX
market overview
2025 CFD Markets Outlook: Mitrade Reinforces Trader Care Amid Rising Regulatory Pressures
2025 CFD Markets Outlook: Mitrade Reinforces Trader Care Amid Rising Regulatory Pressures
News Discussion Forum
By Finance Magnates
2025 CFD Markets Outlook: Mitrade Reinforces Trader Care Amid Rising Regulatory Pressures
As CFD trading evolves, traders face new challenges from technological shifts and regulatory requirements.
ECB has scope to deliver on rate cut expectations – BBH
ECB has scope to deliver on rate cut expectations – BBH
EUR/USD is consolidating just under 1.0500. Over the weekend, ECB Governing Council member Fabio Panetta argued for looser monetary policy , BBH's FX analysts report.
EURUSD
ECB
InterestRate
Banks
Silver price today: Silver rises, according to FXStreet data
Silver price today: Silver rises, according to FXStreet data
Silver prices (XAG/USD) rose on Monday, according to FXStreet data.
Silver
Commodities
Metals
EUR/USD: Cautious optimism over a Ukraine peace deal – OCBC
EUR/USD: Cautious optimism over a Ukraine peace deal – OCBC
Euro (EUR) continued to drift higher vs the US Dollar (USD) on prospects of a Ukraine peace deal and on news of a delay in reciprocal tariffs.
EURUSD
Technical Analysis
Banks
X Open Hub Secures Key Indonesian Licence and SCA Accreditation
X Open Hub Secures Key Indonesian Licence and SCA Accreditation
News Discussion Forum
By Finance Magnates
X Open Hub Secures Key Indonesian Licence and SCA Accreditation
Through its new licence, X Open Hub will offer regulated multi-asset liquidity services, including stocks and ETFs, to Indonesian investors.
X Open Hub
ATFX Africa Honored as Africa’s Best and Most Trusted Broker
ATFX Africa Honored as Africa’s Best and Most Trusted Broker
News Discussion Forum
By Finance Magnates
ATFX Africa Honored as Africa’s Best and Most Trusted Broker
ATFX Africa has established itself as a prominent force in online trading, earning recognition for its commitment to innovation and transparency.